Why You Should Act Now for the Solar Tax Credit

Kyle Ritland, Marketing and Customer Experience

July 6, 2020

1 min read

For over a decade, the federal solar investment tax credit, the ITC, has been a major catalyst for the solar industry's growth and one of the largest forces incentivizing solar installations nationwide. Thanks in part to the ITC, commercial solar adoption has increased exponentially. But this lucrative incentive is getting much smaller.

2020 marks the end of the current 26% rate after a drop last year from 30%. In 2021, the ITC drops again to 22% before landing permanently at 10% by 2022. So, if you want the fastest and biggest return on your commercial solar investment, this is the year to act. Given the demand for solar installers in this 26% year, the sooner you start your commercial solar project, the better.

With help from our friends at SunPower, we've assembled this fantastic infographic that explains why you should act now if you want to claim the 26% tax credit. Claiming the full 26% will result in your commercial solar investment's biggest and fastest return.

With the 26% ITC ending, 2020 is surely the most important year for solar in more than a decade. Contact a member of our commercial solar team to schedule a consultation and start your solar project today!

About the Author

Kyle Ritland, Marketing and Customer Experience

After working in technology marketing throughout the Pacific Northwest and Silicon Valley for more than 20 years, Kyle opted to follow his heart and focus his talents in solar energy.

As the head of Marketing at Sun Valley Solar Solutions, Kyle works hard to demystify the ever-changing solar landscape in Arizona and across the country. He especially enjoys helping people separate fact from fiction by presenting solar transparently and accurately, rather than relying on hype or deceptive marketing tactics that are far too common with some solar companies.

When not touting the benefits of solar, encouraging his friends to opt for paper over plastic, or growing his own vegetables, Kyle is generally found hiking with his pointer Bravo or preparing a home-cooked meal for friends.

“If you truly understand how solar works it’s easy to see through the gimmicks. The opportunity for savings is very real when you have the correct information”